For both Bank of Ireland and AIB, the critical defense area is €1.00 which has been vigorously defended twice in the past 4 months and looks destined for a third test in 6 months. If bulls can't convince the market the banks are worth one euro a share then it could be Sayanora for shareholders.
Bank of Ireland looks to be the more troubled of the two based on demand for its shares and looks likely to test €1 support first.
The best way to trade Irish shares is to use a Zignals Trading Strategy. There are currently two Irish strategies available: "Irish Oak" is a short strategy which has returned 41% since inception (new signal for DCC today); the second, "Irish Elm", is a long strategy which has returned 11% since inception. Better still, why not create your own Irish Trading System.
Of some of the other trading stratagies available on Zignals:
ASX Oak
Short Exit at Stop for ALL (Sydney) at AU$4.49
Short Exit at Trailing Stop for WPL (Sydney) at AU$47.33
ASX Price x 20-day MA
Long Confirmation Entry for TAH (Sydney) at AU$6.93
New Long Target and Stop for STO (Sydney) at AU$14.68 (EoD): Target AU$16.30, Stop AU$14.08
Long Confirmation Entry for DJS (Sydney) at AU$4.98
Long Exit at Trailing Stop for ERA (Sydney) at AU$19.19
BSE Zignals
Long Confirmation Entry for WRWDT (Mumbai) at INR1620.2
Long Confirmation Entry for ZEE (Mumbai) at INR269.5
Forex Bull Trender
Long Confirmation Entry for NZDUSD (FX) at 0.7030
Forex Elm
Long Entry for GBPUSD (FX) at 1.5080
Forex High Winners
Long Confirmation Entry for GBPUSD (FX) at 1.5080
Forex Oak
Short Confirmation Entry for GBPUSD (FX) at 1.5280
Short Confirmation Entry for EURUSD (FX) at 1.3630
Short Confirmation Entry for AUDUSD (FX) at 0.9110
Frankfurt High Winners
Long Confirmation Entry for VOW (Frankfurt) at €71.24
Long Confirmation Entry for KRN (Frankfurt) at €38.38
Indian Golden Brown
New Long Target and Stop for CAIRN (Mumbai) at INR301.7 (EoD): Target INR332.6, Stop INR272.2
New Long Target and Stop for BAJAU (Mumbai) at INR1980.0 (EoD): Target INR2192.9, Stop INR1794.2
Indian High Winners
New Long Target and Stop for BAJAU (Mumbai) at INR1992.5 (EoD): Target INR2192.9, Stop INR1893.8
New Long Target and Stop for JLVY (Mumbai) at INR1334.7 (EoD): Target INR1417.6, Stop INR1282.5
New Long Target and Stop for HALC (Mumbai) at INR178.9 (EoD): Target INR189.4, Stop INR171.4
Long Confirmation Entry for ESRO (Mumbai) at INR137.5
Indian Strength
Long Confirmation Entry for ABAN (Mumbai) at INR1151.6
Long Confirmation Entry for GRSM (Mumbai) at INR2877.7
Long Confirmation Entry for ACC (Mumbai) at INR941.9
New Long Target and Stop for BAJAU (Mumbai) at INR1992.5 (EoD): Target INR2192.9, Stop INR1834.0
Long Unacted Entry for HPCL (Mumbai) at INR312.3 (EoD): Entry signal given, but exited position on same stock too recently (15) days ago.
Long Entry for SBI (Mumbai) at INR2069.1
Long Unacted Entry for TELCO (Mumbai) at INR729.5 (EoD): Entry signal given, but exited position on same stock too recently (14) days ago.
Irish Oak
Irish Oak Short Confirmation Entry for DCC (ISEQ) at €19.09
MA Crossover
Long Exit at Trailing Stop for IP (NYSE) at $25.06
My First Subscribed Strategy
Long Confirmation Entry for SBUX (Nasdaq) at $24.44
UK Golden Brown
Long Entry for BBAY (London) at 367p
UK High Winners
Long Confirmation Entry for TEP (London) at 295p
New Long Target and Stop for CCT (London) at 113p (EoD): Target 120p, Stop 108p
Long Unacted Entry for BBAY (London) at 367p (EoD): Entry signal given, but exited position on same stock too recently (12) days ago.
US Strength
Long Entry for SBUX (Nasdaq) at $24.44
Long Exit at Trailing Stop for IP (NYSE) at $25.06
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Dr. Declan Fallon, Senior Market Technician for Zignals.com, offers a range of stock trading strategies for global markets under the user id: ‘Fallond’, ‘ETFTrader’ and ‘Z_Strategy’ available through the latest rich internet application for finance, the Zignals MarketPortal or the Zignals Trading Strategy MarketPlace.
Zignals offers a full suite of financial services including price and fundamental stock alerts, stock charts for Indian, Australian, Frankfurt, Euronext, UK, Ireland and Canadian stocks, tabbed stock list watchlists, multi-currency portfolio manager, active stock screener with fundamental trading strategy support and trading system builder. Forex, precious metal and energy commodities too. Build your own trading system and sell your trading strategy in our MarketPlace to earn real cash. Read what others are saying about Zignals on Investimonials.com.
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